New govt faces massive economic task | Bangkok Post: opinion - News Summed Up

New govt faces massive economic task | Bangkok Post: opinion


Importantly, it will have to ensure that the 2020 fiscal budget bill will be passed by parliament. It will be the key to driving domestic economic growth. Thailand's economic growth in 2014 was as low as 0.8%, which was a result of a lack of economic confidence in the aftermath of the coup. The recession has been caused by a global economic slowdown driven mainly by the trade war between the US and China. During the past decade, Thai economic growth has been volatile and inconsistent, leaning towards the low-growth trend.


Source: Bangkok Post May 29, 2019 23:26 UTC



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